EQUITY
      INTEREST PLEDGE AGREEMENT

    


    THIS
      EQUITY
      INTEREST PLEDGE
      AGREEMENT (“Agreement”)
      is
      entered into by and between the following parties on March 31, 2008

    


    Pledgee:
      Beijing Huate Xingye Keji Co., Ltd. (“Party A”)

    Registered
      address: [Room 5107, Shenchang Building, 51 Zhichun Road, Haidian District,
      Beijing]

    


    Pledgor:
      Dalian
      Winland Group Co., Ltd.
      (“Party B”)

    Address:
      No. C2 Floor 23, No.4 Shanghai Road, Zhongshan District, Dalian

    


    (each
      a
“Party”
and
      collectively the “Parties”)

    


    WHEREAS:

    


    
      	
              1.

            	
              The
                Pledgee is a wholly
                foreign-owned enterprise duly established and valid existing under
                the PRC
                laws. The Pledgee and [Dalian
                Winland International Logistics Co., Ltd.]
                owned by the Pledgor entered into Exclusive Technical Consulting
                and
                Service Agreement on [March 31, 2008] (the “Service
                Agreement”).

            


    

    


    
      	
              2.

            	
              The
                Pledgor, a local citizen of the People’s Republic of China (the
                “PRC”),
                who holds 51% equity interest of [DALIAN WINLAND INTERNATIONAL LOGISTICS
                CO., LTD.], which is a
                limited liability company duly established and valid existing
                in
                Beijing under the laws of PRC.

            


    

    


    
      	
              3.

            	
              Pursuant
                to the Service Agreement, [DALIAN WINLAND INTERNATIONAL LOGISTICS
                CO.,
                LTD.] shall make certain payments to the Pledgee in consideration
                of the
                services and consultant provided by the Pledgee thereunder. In order
                to
                ensure that the Pledgee collects technical fee from [DALIAN WINLAND
                INTERNATIONAL LOGISTICS CO., LTD.], the Pledgor is willing to pledge
                all
                its equity interest in [DALIAN WINLAND INTERNATIONAL LOGISTICS CO.,
                LTD.]
                to the Pledgee as a security for the Pledgee to collect the technical
                consulting and service fees under the Service
                Agreement.

            


    

    


    NOW
      THEREFORE, through
      mutual negotiations, the Parties hereto agree as follows:

     

    
      Article
        1 Definitions

    

     

    Unless
      it
      is otherwise stipulated, for the purpose of this Agreement, the following terms
      shall have the following meanings:

    


    
      
        
          	1.1	
                  Pledge
                    means the full meaning assigned to that term in Article 2 of
                    this
                    Agreement.

                


        

      

    

    


    
      
        
          	1.2	
                  Equity
                    Interest means the 51% equity interest (the “Equity
                    Interest”)
                    in [DALIAN WINLAND INTERNATIONAL LOGISTICS CO., LTD.] legally
                    held by the
                    Pledgor and all the other equity interest which might be further
                    held by
                    the Pledgor;

                


        

      

    

    


    
      
        
          	1.3	
                  Rate
                    of Pledge means the ratio between the value of the pledge under
                    this
                    Agreement and the technical consulting fees under the Service
                    Agreement.
                    

                


        

      

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      
        
          	1.4	
                  Term
                    of Pledge means the period provided for under Article 3.2
                    hereunder.

                


        

      

    

    


    
      
        
          	1.5	
                  Service
                    Agreement means the Exclusive Technical Consulting and Service
                    Agreement
                    entered into by and between [DALIAN WINLAND INTERNATIONAL LOGISTICS
                    CO.,
                    LTD.] and the Pledgee. 

                


          	 	 


          	
                  1.6

                	
                  Event
                    of Default means any event in accordance with Article 7
                    hereunder.

                


          	 	 


          	
                  1.7

                	
                  Notice
                    of Default means the notice of default issued by the Pledgee
                    in accordance
                    with this Agreement.

                


        

      

    

     

    
      Article
        2 Pledge

    

     

    
      
        
          	2.1	
                  Party
                    B agrees to pledge all its Equity Interest in [DALIAN WINLAND
                    INTERNATIONAL LOGISTICS CO., LTD.] to the Pledgee as a guarantee
                    for the
                    technical consulting service fee payable to the Pledgee under
                    the Service
                    Agreement.

                


          	 	 


          	
                  2.2

                	
                  Pledge
                    under this Agreement refers to the rights owned by the Pledgee
                    who shall
                    be entitled to have priority in receiving payment or proceeds
                    from the
                    auction or sale of the equity interest pledged by the Pledgor
                    to the
                    Pledgee. 

                


        

      

    

    
       

      Article
        3 Rate
        of Pledge and Term of Pledge

       

    

    
      
        
          
            
              
                
                  	
                          3.1

                        	
                          The
                            Rate of Pledge:
                            100%

                        


                

              

            

          

        

      

    

     

    The
      Rate
      of Pledge shall be 100% under this Agreement.

    


    
      
        
          	3.2	
                  The
                    Term of Pledge

                


        

      

    

    


    
      
        	
              	3.1.1	
                The
                  Pledge of the Equity Interest under this Agreement shall take effect
                  as of
                  the date that the Pledge of the Equity Interest is recorded in
                  the
                  register of shareholders of [DALIAN WINLAND INTERNATIONAL LOGISTICS
                  CO.,
                  LTD.].

              


      

    

    


    
      
        	
              	3.1.2	
                During
                  the Term of Pledge, the Pledgee shall be entitled to foreclose
                  on the
                  Pledge in accordance with this Agreement in the event that [DALIAN
                  WINLAND
                  INTERNATIONAL LOGISTICS CO., LTD.] fails to pay exclusive technical
                  consulting and service fees in accordance with Service
                  Agreement.

              


      

    

     

    
      Article
        4 Physical
        Possession of Documents

    

     

    
      
        
          	4.1	
                  During
                    the Term of Pledge, the Pledgee shall be entitled to possess
                    the
                    contribution certificate of the Equity Interest (the “Contribution
                    Certificate”)
                    and the register of shareholders of [DALIAN WINLAND INTERNATIONAL
                    LOGISTICS CO., LTD.]. The Pledgor shall delivery the Contribution
                    Certificate and the register of shareholders hereunder to the
                    Pledgee
                    within one week after the signature date of this
                    Agreement.

                


        

      

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      
        
          	4.2	
                  The
                    Pledgee shall be entitled to collect the dividends from the Equity
                    Interest.

                


        

      

    

     

    
      Article
        5 Representations
        and Warranties of Party B

    

     

    
      
        
          	5.1	
                  Party
                    B is the legal owner of the Equity
                    Interest.

                


          	 	 


          	
                  5.2

                	
                  Except
                    as otherwise provided hereunder, the Pledgee shall not be interfered
                    with
                    by any parties at any time when the Pledgee exercising its rights
                    in
                    accordance with this Agreement. 

                


          	 	 


          	
                  5.3

                	
                  Except
                    as otherwise provided hereunder, the Pledgee shall be entitled
                    to
                    exercise, dispose of or assign the Pledge in accordance with
                    this
                    Agreement. 

                


          	 	 


          	
                  5.4

                	
                  The
                    Pledgor shall not pledge or encumber the Equity Interest to any
                    other
                    person except for the
                    Pledgee.

                


        

      

    

    
       

      Article
        6 Covenant
        of the Pledgor

       

    

    
      
        
          	
                  6.1

                	
                  During
                    the effective term of this Agreement, the Pledgor covenants to
                    the Pledgee
                    that the Pledgor shall:


                


        

      

    

    


    
      
        
          	
                	6.1.1	
                  Except
                    for the transfer of the Equity Interest by the Pledgor, Recon
                    Technology,
                    Co., Limited and [DALIAN
                    WINLAND INTERNATIONAL LOGISTICS CO., LTD.]
                    as
                    subject to the Exclusive Equity Interest Purchase Agreement entered
                    into
                    by and among the Pledgor and Recon Technology, Co., Limited to
                    transfer
                    the Equity Interest to the Pledgor or the specified person consigned
                    by
                    the Pledgor (“Specified
                    Person”),
                    not transfer or assign the Equity Interest, create or permit
                    to be created
                    any pledges which may have an adverse affect on the rights or
                    benefits of
                    the Pledgee without prior written consent from the Pledgee.
                    

                


          	 	 	 


          	 	
                  6.1.2

                	
                  Comply
                    with and implement laws and regulation with respect to the right
                    of
                    pledge, present to the Pledgee the notices, orders or suggestions
                    with
                    respect to the Pledge issued or made by the competent authority
                    after
                    receiving such notices, orders or suggestions and comply with
                    such
                    notices, orders or suggestions, or object to the foregoing matters
                    at the
                    reasonable request of the Pledgee or with the written consent
                    from the
                    Pledgee.

                


          	 	 	 


          	 	
                  6.1.3

                	
                  Timely
                    notify the Pledgee of any events or any received notices which
                    may affect
                    the Pledgor’s Equity Interest or any part of its right, and any events or
                    any received notices which may change any of the Pledgor’s convenants and
                    obligations under this Agreement or which may affect the Pledgor’s
                    performance of its obligation under this
                    Agreement.

                


        

      

    

     

    
      
        
          	6.2	
                  The
                    Pledgor agrees that the Pledgee’s right to exercise the Pledge obtained
                    from this Agreement shall not be suspended or hampered through
                    legal
                    procedure by the Pledgor or any successors of the Pledgor or
                    any person
                    authorized by the Pledgor or any person authorized by the
                    Pledgor..

                


        

         

        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

        

         

        
        

        
          	
                  6.3

                	
                  The
                    Pledgor warrants to the Pledgee that in order to protect or perfect
                    the
                    security over the payment of the technical consulting and service
                    fees
                    under the Service Agreement, the Pledgor shall execute in good
                    faith and
                    cause other parties who have interest in the Pledge to execute
                    all the
                    title certificates, contracts, and/or perform and cause other
                    parties who
                    have interests to take action as required by the Pledgee and
                    provide
                    access to exercise the rights and authorization vested in the
                    Pledgee
                    under this Agreement, and execute all the documents with respect
                    to the
                    changes or certificate of the Equity Interest with the Pledgee
                    or the
                    person (natural person or legal entity) designated by the Pledgee,
                    and
                    provide all the notices, orders and decisions regarded as necessary
                    by the
                    Pledgee to the Pledgee within the reasonable time.
                    

                


        

        
          	 	 


        

        
          	
                  6.4

                	
                  The
                    Pledgor warrants to the Pledgee that the Pledgor will comply
                    with and
                    perform all the guarantees, covenants, agreements, representations
                    and
                    conditions for the benefits of the Pledgee. The Pledgor shall
                    compensate
                    all the losses suffered by the Pledgee in the event that the
                    Pledgor does
                    not perform or fully perform his guarantees, covenants, agreements,
                    representations and conditions.

                


        

         

        Article
          7 Events
          of Default

      

    

     

    
      
        
          	
                  7.1

                	
                  The
                    events listed below shall be deemed as an event of
                    default:

                


        

      

    

    

      
        
          
            	
                  	7.1.1	
                    [DALIAN
                      WINLAND INTERNATIONAL LOGISTICS CO., LTD.] fails to make full
                      payments of
                      the exclusive technical consulting and service fees as scheduled
                      under the
                      Service Agreement. 

                  


          

          
            	 	 	 


          

          
            	 	
                    7.1.2

                  	
                    The
                      Pledgor makes any material misleading or fraudulent representations
                      or
                      warranties under Article 5 herein, and/or the Pledgor is in
                      violation of
                      any warranties under Article 5
                      herein.

                  


          

          
            	 	 	 


          

          
            	 	
                    7.1.3

                  	
                    The
                      Pledgor violates the covenants under Article 6
                      herein.

                  


          

          
            	 	 	 


          

          
            	 	
                    7.1.4

                  	
                    The
                      Pledgor violates any terms or conditions herein.
                      

                  


          

          
            	 	 	 


          

          
            	 	
                    7.1.5

                  	
                    The
                      Pledgor waives the pledged Equity Interest or transfers or
                      assigns the
                      pledged Equity Interest without prior written consent of the
                      Pledgee,
                      except as provided in Article 6.1.1 in this Agreement.
                      

                  


          

          
            	 	 	 


          

          
            	 	
                    7.1.6

                  	
                    Any
                      external loan, security, compensation, covenants or other compensation
                      liabilities of the Pledgor’s (1) are required to be repaid or performed
                      prior to the scheduled date; or (2) are due but cannot be repaid
                      or
                      performed as scheduled and thereby cause the Pledgee to deem
                      that the
                      Pledgor’s capacity to perform the obligations herein is
                      effected.

                  


          

          
            	 	 	 


          

          
            	 	
                    7.1.7

                  	
                    The
                      Pledgor is incapable of repaying its general debt or other
                      debt.

                  


          

          
            	 	 	 


          

          
            	 	
                    7.1.8

                  	
                    This
                      Agreement becomes illegal for the reason of the promulgation
                      of the
                      related laws or the Pledgor’s incapability of continuing to perform the
                      obligations herein.

                  


          

          
            	 	 	 


          

          
            	 	
                    7.1.9

                  	
                    Any
                      approval, permits or authorization from the competent authority
                      of the
                      government needed to perform this Agreement or validate this
                      Agreement are
                      withdrawn, suspended, invalidated or materially revised.
                      

                  


          

           

          
            
              
              

            

            
              4

              
                

              

            

            
              
              

            

          

           

          
            	 	
                    7.1.10

                  	
                    The
                      property of the Pledgor adversely changed and causes the Pledgee
                      to deem
                      that the capability of the Pledgor to perform the obligations
                      herein under
                      this Agreement is effected.

                  


          

          
            	 	 	 


          

          
            	 	
                    7.1.11

                  	
                    The
                      successors or assignees of [DALIAN WINLAND INTERNATIONAL LOGISTICS
                      CO.,
                      LTD.] are only entitled to perform a portion of or refuse to
                      perform the
                      payment liability under Service
                      Agreement.

                  


          

          
            	 	 	 


          

          
            	 	
                    7.1.12

                  	
                    Other
                      circumstances whereby the Pledgee is incapable of exercising
                      the right to
                      foreclose on the Pledge in accordance with the related
                      laws.

                  


          

        

      

       

    

    
      
        
          	
                  7.2

                	
                  Party
                    B should immediately notice Party A in writing if the Pledgor
                    is aware of
                    or finds that any event under Article 7.1 herein or any events
                    that may
                    result in the foregoing events have occurred or are occurring.
                    

                


        

      

    

    


    
      
        
          	7.3	
                  Unless
                    the Event of Default under Article 7.1 herein has been remedied
                    to the
                    Pledgee’s satisfaction, the Pledgee, at any time when the Event of Default
                    occurs or thereafter, may give a written notice of default to
                    the Pledgor
                    and require the Pledgor to immediately make full payments of
                    the
                    outstanding service fees under the Service Agreement and other
                    payables or
                    foreclose on the Pledge in accordance with Article 8 herein.
                    

                


        

      

    

     

    
      Article
        8 Exercise
        of the Right of the Pledge

    

     

    
      	
              8.1

            	
              The
                Pledgor shall not transfer or assign the Equity Interest without
                prior
                written approval from the Pledgee prior to the full repayment of
                the
                consulting and service fees under the Service
                Agreement.

            


    

    


    
      	
              8.2

            	
              The
                Pledgee shall give the Notice of Default to the Pledgor when the
                Pledgee
                exercises the right of pledge.

            


    

     

    
      	
              8.3

            	
              Subject
                to Article 7.3, the Pledgee may exercise the right to foreclose on
                the
                Pledge at any time when the Pledgee gives the Notice of Default pursuant
                to Article 7.3

            


    

    


    
      	
              8.4

            	
              The
                Pledgee is entitled to have priority in receiving payment or proceeds
                from
                the auction or sale of whole or part of the Equity Interest pledged
                herein
                in accordance with applicable law until the outstanding technical
                consulting and service fees and all other payables under the Service
                Agreement are repaid. 

            


    

    


    
      	
              8.5

            	
              The
                Pledgor shall not hinder the Pledgee from foreclosing on the Pledge
                in
                accordance with this Agreement and shall give necessary assistance
                so that
                the Pledgee may effectively realize the value of the Pledge.
                

            


    

     

    
      Article
        9 Transfer
        or Assignment

    

     

    
      	
              9.1

            	
              The
                Pledgor shall not donate or transfer his rights or obligations herein
                without the prior written consent from the Pledgee.
                

            


    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	
              9.2

            	
              This
                Agreement shall be binding upon and inure to the benefit of the successors
                of the Pledgor and be effective to the Pledgee and his each successor
                and
                assignee. 

            


    

    


    
      	
              9.3

            	
              The
                Pledgee may transfer or assign his all or any rights and obligations
                under
                the Service Agreement to any person (natural person or legal entity)
                at
                any time. In this case, the assignee shall enjoy and undertake the
                same
                rights and obligations herein of the Pledgee as if the assignee is
                a party
                hereto. When the Pledgee transfers or assigns the rights and obligations
                under the Service Agreement, at the request of the Pledgee, the Pledgor
                shall execute the relevant agreements and/or documents with respect
                to
                such transfer or assignment.

            


    

    


    
      	
              9.4

            	
              Due
                to the Pledgee’s change resulting from the transfer or assignment, the new
                parties to the pledge shall re-execute a pledge
                contract.

            


    

    
       

      Article
        10 Termination

    

     

    
      
        
          	10.1	
                  This
                    Agreement shall not be terminated until the consulting and service
                    fees
                    under the Service Agreement are paid in full and [DALIAN WINLAND
                    INTERNATIONAL LOGISTICS CO., LTD.] shall no longer undertake
                    any
                    obligations under the Service Agreement.


                


        

      

    

     

    
      Article
        11 Formalities
        Fees and Other Expenses

       

    

    
      
        
          	
                  11.1

                	
                  The
                    Pledgor shall be responsible for all the fees and actual expenditures
                    in
                    relation to this Agreement, including but not limited to legal
                    fees, cost
                    of production, stamp tax and any other taxes and charges. If the Pledgee
                    pays the relevant taxes in accordance with the laws, the Pledgor
                    shall
                    fully indemnity such taxes paid by the
                    Pledge.

                


        

      

    

    


    
      
        
          	11.2	
                  The
                    Pledgor shall be responsible for all the fees (including but
                    not limited
                    to any taxes, formalities fees, management fees, litigation fees,
                    attorney’s fees, and various insurance premiums in connection with
                    disposition of the Pledge) incurred by the Pledgor for the reason
                    that the
                    Pledgor fails to pay any payable taxes, fees or charges in accordance
                    with
                    this Agreement, or the Pledgee has recourse to any forgoing taxes,
                    charges
                    or fees by any means for other reasons.


                


        

      

    

    
       

      Article
        12 Force
        Majeure

    

     

    
      	12.1	
              If
                the fulfillment of this Agreement is delayed or blocked due to the
                Force
                Majeure Event, the party affected by such a Force Majeure Event shall
                free
                from any obligation to the extent of delay or holdback. Force Majeure
                Event (“Event”) means any event which is out of control of each party, and
                which is unavoidable or insurmountable even the party affected by
                such
                event has paid reasonable attention to it. The Event shall include,
                but
                not limited to, government actions, nature disaster, fire, explosion,
                typhoons, floods, earthquakes, tide, lightning or war. However, any
                lack
                of credit, assets or financing shall not be deemed as Event. The
                party
                claiming the occurrence of Event shall provide the other party with
                the
                steps of fulfilling the obligations of this Agreement. 

            


    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	12.2	
              The
                Party affected by such an Event shall free from any obligation under
                this
                Agreement based on the conditions that the Party affected by such
                an Event
                have made reasonable endeavors to perform the Agreement and request
                the
                exemption from the other party. The both Parties agree to do their
                best to
                recover performance of this Agreement if the reason for exemption
                has been
                corrected or remedied.

            


    

     

    Article
      13 Dispute
      Settlement

     

    
      
        
          	13.1	
                  This
                    Agreement shall be governed by and construed in all respects
                    in accordance
                    with the PRC laws.

                


        

      

    

    


    
      
        
          	13.2	
                  The
                    Parties shall strive to settle any dispute arising from the interpretation
                    or performance, or in connection with this Agreement through
                    friendly
                    consultation. In case no settlement can be reached through consultation,
                    each Party can submit such matter to China International Economic
                    and
                    Trade Arbitration Committee for arbitration according to the
                    current
                    effective arbitration rules of its. The arbitration shall be
                    held in
                    Beijing. The arbitration proceedings shall be conducted in Chinese.
                    The
                    arbitration award shall be final and binding upon the Parties.
                    The
                    arbitration award may be submitted to the applicable People’s Court for
                    enforcement. 

                


        

      

    

     

    Article
      14 Notices

     

    
      
        
          	14.1	
                  Any
                    notice to which is given by the both Parties hereto for the purpose
                    of
                    performing the rights and obligations hereunder shall be in writing.
                    Where
                    such notice is delivered personally, the time of notice is the
                    time when
                    such notice actually reaches the addressee; where such notice
                    is
                    transmitted by telex or facsimile, the notice time is the time
                    when such
                    notice is transmitted. If such notice does not reach the addressee
                    on
                    business date or reaches the addressee after the business time,
                    the next
                    business day following such day is the date of notice. The delivery
                    place
                    is the address first written above of the Parties hereto or the
                    address
                    advised in writing including facsimile and telex from time to
                    time.
                    

                


        

      

    

     

    Article
      15 Appendix

     

    
      
        
          	15.1	
                  The
                    Appendix of this Agreement as attached hereto is the part of
                    this
                    Agreement.

                


        

      

    

     

    Article
      16 Effectiveness

     

    
      
        
          	16.1	
                  This
                    Agreement and any amendments, supplements and modifications of
                    this
                    Agreement shall be in writing, and come into effect upon being
                    executed by
                    the Parties thereto.

                


        

      

    

    


    
      
        
          	16.2	
                  This
                    Agreement is executed both in Chinese and English with two copies
                    for each
                    language. The Chinese version will prevail in the event of any
                    inconsistency between the English and any Chinese translations
                    thereof.
                    

                


        

      

    

    


    [THIS
      SPACE IS INTENTIONALLY LEFT BLANK]

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    


    This
      page
      is the signing page of this Equity Interest Pledge Agreement. 

    


    IN
      WITNESS WHEREOF,
      the
      undersigned have executed this Agreement as of the date first set forth above
      written.

     

    Party
      A: /s/ Beijing Huate Xingye Keji Co., Ltd.

    Legal
      Representative: Du
      Guangwen

     

    Party
      B: /s/ Dalian
      Winland Group Co., Ltd.

    Signature:
      Li
      Honglin

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    


    APPENDIX

    


    
      	
              1.

            	
              The
                register of the shareholders of Dalian
                Winland International Logistics Co.,
                Ltd.

            


    

    


    
      	
              2.

            	
              The
                Contribution Certificate of Dalian
                Winland International Logistics Co.,
                Ltd.

            


    

    


    
      	3.	
              The
                Exclusive Technical Consulting and Service
                Agreement.

            


    

    


    
      
        
        

      

      
        9